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Activity Review
North Carolina State
Board of Certified Public
Accountant Examiners
1101 Oberlin Road, Suite 104 • PO Box 12827 • Raleigh, NC 27605 • 919- 733- 4222 • No. 6- 2008
In This Issue...
Board Meeting Dates ........................ 2
Certificates Issued ............................. 6
CPE Sponsor Register ....................... 4
Disciplinary Action Available
Online ............................................ 3
Disciplinary Actions ......................... 2
Exam Fees Effective August 1 ......... 7
Exam Pass Rates ................................ 7
Inactive Status ................................... 5
New Format for Exam Questions ... 7
Notice of Address Change............... 8
Reclassifications ................................ 4
Staff E- Mail Addresses ..................... 6
www. nccpaboard. gov
Certificate Renewal
Deadline
June 30, 2008, is the deadline for
North Carolina licensees to complete
the annual certificate renewal pro-cess.
Licensees are encouraged to re-new
on- line through the Board’s web
site, www. nccpaboard. gov.
If a licensee does not have
Internet access and needs a renewal
form faxed or mailed, he or she may
request a renewal form from the
Board. Please fax the request to ( 919)
733- 4209, Attn: Vanessia Willett.
Please mail the request to License
Renewal Form, PO Box 12827,
Raleigh, NC 27605.
For additional information on
the annual certificate renewal pro-cess,
please see the April 2008 and
May 2008 issues of the Activity
Review.
The AICPA Peer Review Board has
issued new standards for performing
and reporting on peer reviews to pro-mote
quality in CPA firms’ accounting
and auditing practices.
The new standards are intended to
produce simpler, more readable reports
that will provide greater transparency
to state boards of accountancy, federal
agencies such as the Government Ac-countability
Office, and the private sec-tor.
“ We have re- written the standards
to be more principles- based,” said Su-san
Coffey, AICPA senior vice presi-dent
for member quality and state regu-lation.
“ It results in less of a checklist-based
process that is intended to be
more robust. It focuses the report on
the most important issues,” Coffey said.
A key difference in the new peer
review standards is elimination of let-ters
of comment and the old three- tier
system of unmodified, modified and
adverse grades given to firms by re-viewers.
The new standards require a
simple pass, pass with deficiencies, or
fail grade.
The new reports are designed to be
more user- friendly by making it very
clear whether a firm has satisfactorily
designed a quality control system and
is complying with that system. The re-ports
will make clear whether a firm
AICPA Issues New Peer
Review Standards
has deficiencies in that system, or
whether it has no system at all.
The AICPA is developing addi-tional
guidance for the approximately
30,000 accounting firms nationwide that
will be subject to peer review under the
new standards and for the 2,000 peer
reviewers who will apply the new guid-ance.
The new process is intended to
guide reviewers to include significant
concerns in their actual reports.
The new standards apply to firms
that do audit work for private compa-nies,
government agencies, non- profit
organizations, and employee benefit
plans. The new standards further ap-ply
to firms that do reviews, compila-tions,
and other attest work.
Members’ firms currently enrolled
in the Center for Public Company Au-dit
Firms Peer Review Program are cov-ered
under this measure for their non-public
work. Since the enactment of
Sarbanes- Oxley, the Public Company
Accounting Oversight Board conducts
inspections of the firms’ public com-pany
audit practices.
The revised Standards and Inter-pretations
are effective for peer reviews
commencing on or after Jan. 1, 2009,
and are available on the AICPA Peer
Review Program and CPCAF Peer Re-view
Program Web sites at
w w w . a i c p a . o r g / m e m b e r s /
div/ practmon/ index. htm and
w w w . a i c p a . o r g / c e n t e r p r p /
index. htm, respectively.
2
Disciplinary Actions
2008 Board Meetings
July 21
August 18
September 22
October 20
November 17
December 17
Meetings of the Board are open to
the public except when under State
law some portions may be closed to
the public.
Meetings are held at the Board
office at 1101 Oberlin Road, Raleigh,
and begin at 10: 00 a. m. However,
meeting dates, times, and locations
are subject to change.
Carl Player Patterson, # 31031
Fayetteville, NC 05/ 19/ 2008
THIS CAUSE coming before the Board
at its offices at 1101 Oberlin Road, Ra-leigh,
Wake County, North Carolina,
at public hearing, with a quorum
present, the Board finds, based on the
evidence presented at the hearing on
May 19, 2008, that:
FINDINGS OF FACT
1. The parties have been properly iden-tified.
Daniel Eugene Greene, # 15719
Charlotte, NC 05/ 19/ 2008
THIS CAUSE, coming before the Board
at its offices at 1101 Oberlin Road, Ra-leigh,
Wake County, North Carolina,
with a quorum present. Pursuant to
NCGS 150B- 41, the Board and Respon-dent
stipulate the following Findings:
1. Respondent is the holder of North
Carolina certificate number 15719 as a
Certified Public Accountant.
2. In December of 2006, a Second Su-perseding
Bill of Indictment was filed
with the United States District Court,
Western District of North Carolina,
Charlotte Division, against Respondent
alleging that Respondent along with
others did enter into an agreement to
defraud home mortgage lenders
through mortgage fraud, mail fraud,
bank fraud, and money
laundering. ( Attachment 1.)
3. In September of 2007, Respondent
signed and accepted a Plea Agreement
in which Respondent entered a “ vol-untary
plea of guilty to Counts One ( 1),
Two ( 2), and Twenty- Eight ( 28) as set
forth in the Second Superseding Bill of
Indictment, and admits to being in fact
guilty as charged in those
Counts.” ( Attachment 2.) Said viola-tions
constituted federal felonies, and
dishonesty, deceit, or fraud were es-sential
elements of each crime.
4. Respondent failed to disclose on his
2007- 2008 individual certificate re-newal
or in any correspondence with
the Board that he had been investi-gated
or charged. ( Attachment 3.)
5. Despite at least three ( 3) attempts by
Board staff to contact Respondent by
first- class mail and certified mail sent
to Respondent’s last known mailing
address, and email sent to the email
address provided by Respondent to
the Board, Respondent failed to timely
respond to the Board’s inquiries re-garding
the charges filed against him.
6. Respondent wishes to resolve this
matter by consent and agrees that the
Board staff and counsel may discuss
this Consent Order with the Board
ex parte, whether or not the Board ac-cepts
this Consent Order as written.
Respondent understands and agrees
that this Consent Order is subject to
review and approval by the Board and
is not effective until approved by the
Board at a duly constituted Board Meet-ing.
BASED UPON THE FOREGOING, the
Board makes the following Conclusions
of Law:
1. Respondent is subject to the provi-sions
of Chapter 93 of the North Caro-lina
General Statutes ( NCGS) and
Title 21, Chapter 8 of the North Caro-lina
Administrative Code ( NCAC), in-cluding
the Rules of Professional Eth-ics
and Conduct promulgated and
adopted therein by the Board.
2. Respondent’s actions as set out in
finding # 2 and # 3 above constitute vio-lations
of NCGS 93- 12( 9) a, b, d, and e
and 21 NCAC 8N .0201, .0202, .0203,
.0204, .0212, .0301, and .0303.
3. Respondent’s actions as set out in
finding # 4 above constitute violation
of NCGS 93- 12( 9) e and 21 NCAC
8N .0206.
BASED ON THE FOREGOING and in
lieu of further proceedings under
21 NCAC Chapter 8C, the Board and
Respondent agree to the following Or-der:
1. The Certified Public Accountant cer-tificate
issued to Respondent, Daniel
Eugene Greene, is hereby permanently
revoked.
2. The Board has jurisdiction over the
Respondent and these matters.
3. Respondent received at least fifteen
( 15) days written Notice of Hearing of
these Matters by personal service, cer-tified
mail, or other approved personal
delivery.
4. Venue is proper and the Noticed
Hearing was properly held at
1101 Oberlin Road, Raleigh, North
Carolina.
5. Respondent had no objection to any
Board Member’s participation in the
Hearing of this Matter.
6. Respondent was not present at the
Hearing and was not represented by
counsel.
7. Respondent was the holder of a cer-tificate
as a Certified Public Accoun-tant
in North Carolina and is therefore
subject to the provisions of Chapter 93
of the North Carolina General Statutes
( NCGS) and Title 21, Chapter 8 of the
North Carolina Administrative Code
( NCAC), including the Rules of Profes-sional
Ethics and Conduct promulgated
and adopted therein by the Board.
Count 1
8. In March of 1998, Respondent, hav-ing
pled guilty to two ( 2) felony counts
continued
3
Jesse L. Wooten, Jr., # 13278
Dunn, NC 05/ 19/ 2008
THIS CAUSE, coming before the Board
at its offices at 1101 Oberlin Road, Ra-leigh,
Wake County, North Carolina,
with a quorum present. Pursuant to
NCGS 150B- 41, the Board and Respon-dent
stipulate the following Findings:
1. Respondent is the holder of North
Carolina certificate number 13278 as a
Certified Public Accountant.
2. In 1981, Respondent purchased the
accounting practice of an accountant
who later died before Respondent had
completed making all payments toward
the purchase of the accounting prac-tice.
3. Over the intervening years and de-spite
numerous agreements between
Respondent and the accountant’s
widow, Respondent failed to timely
repay all monies owed toward the pur-chase
of the accounting practice.
4. In 2007, the accountant’s widow filed
a civil suit to collect the funds still owed
to her. Respondent represents that said
litigation has been resolved and all of
the monies owed by Respondent to the
accountant’s widow have been paid.
5. Respondent wishes to resolve this
matter by consent and agrees that the
Board staff and counsel may discuss
this Consent Order with the Board
ex parte, whether or not the Board ac-cepts
this Consent Order as written.
Respondent understands and agrees
that this Consent Order is subject to
review and approval by the Board and
is not effective until approved by the
Board at a duly constituted Board Meet-ing.
BASED UPON THE FOREGOING, the
Board makes the following Conclusions
of Law:
1. Respondent is subject to the provi-sions
of Chapter 93 of the North Caro-lina
General Statutes ( NCGS) and
Title 21, Chapter 8 of the North Caro-lina
Administrative Code ( NCAC),
of mail fraud, was sentenced to thirty-three
( 33) months of imprisonment and
ordered to pay restitution in the amount
of $ 320,791.13.
9. In February of 2004, Respondent com-pleted
an application for a North Caro-lina
reciprocal license based on his
Georgia CPA license.
10. Despite his prior conviction in Geor-gia,
on said North Carolina licensure
application, Respondent failed to affir-matively
respond to the Moral Charac-ter
Data request, “ Have you ever been
charges, arrest, convicted, found guilty
of or pleaded nolo contendere to any
criminal offense?”
11. Subsequent to his licensure, Re-spondent
has failed to provide the
Board with any information regarding
the Georgia conviction.
Count 2
12. In November of 2007, the Board
received a notarized complaint from a
Client who alleged that Respondent
had embezzled approximately
$ 100,000.00 from the Client and had
failed to return client records upon
demand.
13. Based on the seriousness of
Respondent’s prior conduct and the
complaint allegations, as well as evi-dence
of the imminent danger of con-tinued
and irreparable harm to the
public, on December 19, 2007, the Board
issued an Emergency Order For Revo-cation
and Notice temporarily revok-ing
Respondent’s certificate and noti-fying
Respondent of the Board’s Hear-ing.
CONCLUSIONS OF LAW
1. Respondent’s failures to inform the
Board of his Georgia conviction repre-sents
violation of NCGS 93- 12( 9)( c) and
( e), and 21 NCAC 8F .0502 and
8N .0202( a), and ( b)( 3).
2. Respondent’s alleged misappropria-tion
of client funds is a violation of
NCGS 93 12 ( 9) and 21 NCAC 8N .0203.
3. Respondent’s alleged failure to re-turn
client records upon demand is a
violation of NCGS 93- 12( 9) and
21 NCAC 8N .0305.
BASED ON THE FOREGOING, the
Board orders in a vote of 7 to 0 that:
1. The Certified Public Accountant cer-tificate
issued to Respondent,
Carl Player Patterson, is hereby perma-nently
revoked.
including the Rules of Professional Eth-ics
and Conduct promulgated and
adopted therein by the Board.
2. Respondent’s repeated failures, de-spite
numerous agreements, to repay
all monies owed toward the purchase
of the accountant’s practice are viola-tions
of NCGS 93- 12( 9) e and 21 NCAC
8N .0201 and 21 NCAC 8N .0203( b)( 1).
BASED ON THE FOREGOING and in
lieu of further proceedings under
21 NCAC Chapter 8C, the Board and
Respondent agree to the following Or-der:
1. Respondent is censured.
The Board’s web site includes pub-lic
record information regarding dis-ciplinary
action taken against CPAs
and CPA firms. ( See “ Why Is This
Information Available?” below).
If the Board has taken formal
disciplinary action against a CPA or
CPA firm, the resulting Consent Or-der
or Board Order is included in
the record for that individual or firm.
To access the information,
search for a CPA or CPA firm and
look for the “ public documents”
heading on the licensee/ firm search
details page.
If the “ public documents” head-ing
does not appear on the licensee/
firm search details page, then the
Board has not taken any formal dis-ciplinary
action against that indi-vidual
or firm.
Disciplinary Action
Available Online
NCGS 93- 12.2 states, “ Any notice or
statement of charges against a cer-tificate
holder or applicant, or any
notice to a certificate holder or ap-plicant
of a hearing to be held by the
Board is a public record. If any
record, paper, or other document
containing information collected and
compiled by the Board is admitted
into evidence in a hearing held by
the Board, it shall then be a public
record within the meaning of Chap-ter
132 of the General Statutes.”
Why Is This Information
Available?
4
Reinstatements
05/ 19/ 08 Tammy Kay Bridges # 22848
05/ 19/ 08 Deborah R. Fox # 14935
05/ 19/ 08 Melanie C. Gilmore # 20308
05/ 19/ 08 Robert William Knox # 27257
05/ 19/ 08 Kimberly Howell Leonard # 19418
05/ 19/ 08 George Anthony Raftelis # 9513
Reissuance
05/ 19/ 08 Youngsun Cha # 30167
05/ 19/ 08 Scott B. Davis # 27675
05/ 19/ 08 Kristin Keri Lee # 32899
05/ 19/ 08 Martin A. Lee # 29673
05/ 19/ 08 Kimberly Suzanne Mattoon # 22403
05/ 19/ 08 Terray F. Suggs # 10133
05/ 19/ 08 Robert L. Swayze Jr. # 17184
Retired
“ Retired,” when used to refer to the status of a person, describes one possessing
a North Carolina certificate of qualification who verifies to the Board that the
applicant does not receive or intend to receive in the future any earned
compensation for current personal services in any job whatsoever and will not
return to active status. However, retired status does not preclude volunteer
services for which the retired CPA receives no direct or indirect compensation
so long as the retired CPA does not sign any documents, related to such
services, as a CPA [ 21 NCAC 08A .0301( b)( 33)].
05/ 19/ 08 Hugh Garland Becton # 9867 Greenville, NC
05/ 19/ 08 Frank C. Bobbitt # 9868 Apex, NC
05/ 19/ 08 Thomas Clark Cogswell # 18996 Raleigh, NC
05/ 19/ 08 Charles E. Krantz # 14957 Greensboro, NC
05/ 19/ 08 John Wesley Lewis, Sr. # 4141 Greensboro, NC
05/ 19/ 08 Thomas V. Tinsley, Jr. # 21713 Mountain Top, PA
Reclassifications
Although the Board no longer pub-lishes
and mails the CPE Sponsor Reg-ister,
licensees still have access to the
CPE Sponsor Register through the
Board’s web site, www. nccpaboard. gov.
Licensees can search for a CPE
sponsor by clicking on the “ Licensee
Search” link and then clicking on the
“ Search for a CPA Firm or CPE Spon-sor”
link or clicking on the “ List of
Currently Registered CPE Sponsors.”
Sponsors of CPE programs which
are listed in good standing on
Pursuant to 21 NCAC 8N .0305,
Retention of Client Records, a CPA
must return client records in his or
her possession to the client after a
demand for the return of the records
is made.
If the client is a partnership,
records must be returned, upon re-quest,
to any of the general partners.
If the client is a corporation, the
records must be returned, upon de-mand,
to the president. Joint records
must be made available, upon de-mand
by any party.
Upon demand, client records
must be returned immediately un-less
there are reasonable circum-stances
that would delay the return
of the records.
For example, a delay may be
required to retrieve a closed file from
storage or to extract the CPA’s work-ing
papers.
If the records cannot be returned
immediately upon demand, the CPA
must notify the client of the exact
date that the records will be returned.
Under no circumstances should
a CPA refuse to return client records
in order to force payment for ser-vices
provided.
Work papers are generally the
property of the CPA and need not be
surrendered to the client.
However, some work papers
may contain data which should be
reflected in the client’s books and
records, but have not been dupli-cated
nor provided to the client.
Therefore, the client’s records are
incomplete without these records.
In such cases, the work papers
that contain this information are con-sidered
part of the client’s records
and copies should be given to the
client along with any other client
records.
Please consult 21 NCAC
8N .0305 for more complete infor-mation
about the retention and re-turn
of client records.
Retention and Return
of Client Records
CPE Sponsor Register
NASBA’s National Registry of CPE
Sponsors are considered to be regis-tered
CPE sponsors with the Board but
are not included in the Board’s data-base.
Although the Board registers CPE
sponsors, the Board does not approve
individual CPE courses ( except ethics
courses).
A list of Board- approved ethics
CPE courses is available on the Board’s
web site, www. nccpaboard. gov/
ethicscperule.
5
Inactive Status
“ Inactive,” when used to refer to the status of a person, describes one who has
requested inactive status and been approved by the Board and who does not use
the title “ certified public accountant” nor does he or she allow anyone to refer to
him or her as a “ certified public accountant,” and neither he nor she nor anyone
else refers to him or her in any representation as described in 21 NCAC
08A .0308( b) [ 21 NCAC 08A .0301( b)( 21)].
05/ 05/ 08 Alissa Elizabeth Bray # 32613 Charlotte, NC
05/ 05/ 08 Jennifer Williams Coleman # 25964 Wake Forest, NC
05/ 05/ 08 Carole Dyer Hall # 20923 Irmo, SC
05/ 05/ 08 Van Waco Sawyer, Jr. # 9499 Williamston, NC
05/ 05/ 08 Lori Calloway Schamay # 20788 Clemmons, NC
05/ 05/ 08 Victoria P. Whetzel # 32556 Holly Springs, NC
05/ 06/ 08 Fernanda Simone Tiu # 21646 Friendswood, TX
05/ 07/ 08 Steven Allen Clincy # 31895 Charlotte, NC
05/ 08/ 08 Jamin Russell Jenkins # 31589 Charlotte, NC
05/ 09/ 08 Peggy White Everhart # 22043 Fairview, NC
05/ 09/ 08 Daniel George Gibson # 14089 Overland Park, KS
05/ 09/ 08 Carol A. Lucas # 16644 Birmingham, AL
05/ 09/ 08 Robert C. Taylor, Jr. # 21643 Clayton, NC
05/ 12/ 08 Jon Charles DeVries # 12309 Round Rock, TX
05/ 12/ 08 Robin Michelle Reinhard # 30161 Atlanta, GA
05/ 12/ 08 Steven O. Smith # 27214 Charlotte, NC
05/ 14/ 08 Henri Alexandre Leveque, III # 21800 Atlanta, GA
05/ 15/ 08 Adam Jeffrey Basch # 33423 Charlotte, NC
05/ 15/ 08 William Harold Battey # 12030 Bixby, OK
05/ 15/ 08 Karen Connor # 25295 Hudson, NC
05/ 15/ 08 Edward George Malmgren # 13068 Charlotte, NC
05/ 15/ 08 Laura Martin # 26108 Concord, NC
05/ 15/ 08 Michael Kerry McConville # 19603 Pittsburgh, PA
05/ 15/ 08 Benjamin Richard Williams # 14268 Irvine, CA
05/ 19/ 08 Joe Channing Minor # 3422 West Palm Beach, FL
05/ 19/ 08 Hannalie Trautman # 29443 Denver, NC
05/ 20/ 08 Kenneth Wayne Jones # 13837 Winston- Salem, NC
05/ 20/ 08 Andrea D. Lee # 33382 Overland Park, KS
05/ 20/ 08 Brian A. Sutton # 18829 Bluffton, SC
05/ 22/ 08 Jolene Kay Perez # 24254 Woodville, AL
05/ 22/ 08 Herbert Clay Purvis # 26275 Virginia Beach, VA
05/ 22/ 08 Nancy Grant Rhue # 14168 Raleigh, NC
05/ 27/ 08 Mary Beth C. Giovanni # 26425 Las Vegas, NV
05/ 27/ 08 Ericka Faye Kranitz # 31595 Columbia, MO
05/ 28/ 08 Kimberly Bennett Bushnell # 30779 Durham, NC
05/ 28/ 008 Barbara Mills Poole # 13769 Marietta, GA
05/ 28/ 08 Laura L. Seery # 28765 Maryville, TN
05/ 28/ 08 Soundharie Thiagarajah # 30905 Gibsonia, PA
Need a Form or
an Application?
The Board has made most of its forms
and applications available on its web
site, www. nccpaboard. gov.
To access the forms, click on the
“ Forms” link on the left side of the
home page.
Many of the forms and applica-tions
are interactive; the user types
in his or her information and then
prints the form and submits it to the
Board.
If you do not have Internet ac-cess,
you may request a form or an
application by calling the Board of-fice
at ( 919) 733- 4222 .
Address Changed?
21 NCAC 08J .0107 requires all lic-ensees
and firms to notify the Board
in writing within 30 days of any
change in address or business loca-tion.
Licensees and firms can make
address changes online by clicking
on the “ Address Update” link on
the Board’s web site,
www. nccpaboard. gov.
Address changes may also be
submitted by fax, e- mail, or US mail.
Exam candidates must submit
address changes by fax, e- mail, or
US mail.
Please note that all address
changes must be in writing; Board
staff cannot accept oral changes of
address.
Board Office Closed
In accordance with the holiday
schedule adopted by the State of
North Carolina, the Board office will
be closed on the following dates:
Friday, July 4, 2008
Independence Day
Monday, September 1, 2008
Labor Day
6
Certificates Issued
At its May 19, 2008, meeting, the Board approved the following applications for licensure:
Terry Vern Aaseby
Jamie Smith Baker
Matthew T. Banko
Patrick Edward Beaudry
Nathaniel John Branscomb
Elizabeth Marie Williams Bright
Mary Elizabeth Cheshire
Jennifer Elizabeth Colby
William James Costigan, II
Frank David Davies
Christine Eckloff- Vassos
Thomas Fitzgerald Edmunds, IV
Jennifer Elizabeth Evans
Timothy W. Flora
Angela Dawn Gangemi
Erin Moretz Garner
Anna A’dele Gibbs
Daniel Patrick Halpin
Emily Drescher Hansen
Alice Bynum Helms
Megan Elizabeth Hennegan
Michael Stuart Ives, Jr.
Christopher Lee Jandebeur
James Millard Jones
Michael Ray Jordan
Maryana Leon
Michael A. Leon
Joseph Brenton Lewis
Bradley Scott Loman
Yan Ma
Erin Mahoney
Brian Labhart McCoy
Therese Louise McGannon
Melissa Jauncey McGehee
Sean C. McKinney
David Simmons Mickey
Maria Rica Quial Misra
Jacqlyn Diana Muscente
Kristen Elizabeth Nickle
Jin Liu Niedermuller
Jennifer Childers Norris
Lenora Walker Osborne
Cory Allen Parsons
Roy Ryan Piercy
Suzanne McLamb Plunket
Kristin Rebekah Ritter
Katherine Simpson Rogers
Patrick D. Ryan
Rachel Allene Savo
Martina Christa Schneider
Christopher Cannon Scholten
Thomas Patrick Smith
Yingna Su
Ashley Christian Sutton
Edin Terzic
Heather Leigh Wallace
David Henning Wallin
Summer Rose Williamson
Sarah Jayne Wilson
Fang Zuo
E- Mail Addresses for Board Staff
Executive Staff
Robert N. Brooks, Executive Director rbrooks@ nccpaboard. gov
J. Michael Barham, CPA, Deputy Director mbarham@ nccpaboard. gov
Administrative Services
Felecia F. Ashe, Accounting Specialist feleciaa@ nccpaboard. gov
Vanessia L. Willett, Receptionist/ Customer Service Representative vanessiaw@ nccpaboard. gov
Communications
Lisa R. Hearne, Manager lisahearne@ nccpaboard. gov
Examinations
Phyllis W. Elliott, Examinations Specialist phyllise@ nccpaboard. gov
Licensing
Buck Winslow, Manager buckw@ nccpaboard. gov
Alice G. Steckenrider, Licensing Specialist ( individuals) alices@ nccpaboard. gov
Cammie S. Emery, Licensing Assistant ( firms, peer review, CPE) cemery@ nccpaboard. gov
Professional Standards
Ann J. Hinkle, Manager ahhinkle@ nccpaboard. gov
Paulette Martin, Professional Standards Specialist paulettem@ nccpaboard. gov
Mary Beth Britt, Professional Standards Assistant mbbritt@ nccpaboard. gov
7
Focus On: Uniform CPA Examination
A new Uniform CPA Examination re-search
question response format is
scheduled to be introduced in the third
testing window of 2008.
According to the AICPA, the new
format will be a major improvement –
more intuitive, much simpler, and far
more compact.
“ We have simplified the research
question response process by eliminat-ing
the need to have text copied from
authoritative literature to the answer
location,” says Pete Brittingham,
AICPA Examination Team’s Strategic
Architect.
“ Beginning on July 1, candidates
will only be required to identify – not
copy – their responses, in much the
same way that they select answers to
multiple- choice questions. Candidates
will not have to worry about splitting
the screen as everything they need will
appear on a single ‘ tab.’ I really think
the new interface will make them
happy.”
A new tutorial and sample tests
are now posted on the CPA Examina-tion
web site, www. cpa- exam. org, so
that candidates planning to test on or
after July 1 may become thoroughly
familiar with the new functionality.
The current tutorial and sample
tests will remain available on the web
site through June for the benefit of can-didates
testing before the new format
is implemented.
New Research
Question Format
Exam Fees Will Increase August 1, 2008
Effective August 1, 2008, the Uniform CPA Exam fees charged by the AICPA
and Prometric Test Centers will increase. Neither the Board’s administrative
fees nor NASBA’s Exam fees will increase August 1, 2008.
The AICPA’s fee of $ 80 per Exam section will increase to $ 95 per Exam
section. Prometric’s per test hour fee of $ 23.85 per hour will not increase, but
Prometric’s fee of $ 4 per Exam section will increase to $ 5.95 per Exam section.
Applications postmarked on or before July 31, 2008, and received by the
Board on or before August 8, 2008, will be processed using the current fee
schedule. Applications postmarked after July 31, 2008, will be processed using
the new fee schedule. Applications postmarked after July 31, 2008, which do
not include the increased fees will be returned to the applicant.
Revised Exam applications which reflect the new fees will be available in
July from the Board’s web site, www. nccpaboard. gov.
Exam Fees Effective August 1, 2008
Administrative Fees
Initial Applicant $ 230.00
Re- exam Applicant $ 75.00
Exam Section Fees
Auditing & Attestation ( AUDIT) $ 226.28
Financial Accounting & Reporting ( FAR) $ 214.35
Regulation ( REG) $ 190.50
Business Environments & Concepts ( BEC) $ 178.58
Need Exam
Information?
Exam candidates are encouraged to
visit the following web sites to ob-tain
the most current information
on the Uniform CPA Examination:
www. nccpaboard. gov
www. cpa- exam. org
www. nasba. org
Exam Pass Rates
Based on figures provided to the Board by the National Association of State
Boards of Accountancy ( NASBA), it appears that North Carolina candidates
are passing sections of the Uniform CPA Examination at a rate higher than the
national average. The chart below compares the national pass rate to the North
Carolina pass rate for each section of the Exam.
Section/ Year National Pass Rate NC Pass Rate
AUD ( 2004) 45.5% 53.20%
AUD ( 2005) 43.66% 49.89%
AUD ( 2006) 44.18% 48.25%
BEC ( 2004) 47.80% 55.20%
BEC ( 2005) 44.16% 50.27%
BEC ( 2006) 43.81% 48.68%
FAR ( 2004) 45.30% 47.80%
FAR ( 2005) 43.22% 47.54%
FAR ( 2006) 44.63% 46.16%
REG ( 2004) 43.80% 52.20%
REG ( 2005) 40.66% 49.30%
REG ( 2006) 42.41% 48.81%
Certificate No. Send Mail to Home Business
New Home Address
City State Zip
CPA Firm/ Business Name
New Bus. Address
City State Zip
Telephone: Bus. ( ) Home ( )
Bus. Fax ( ) E- mail Address
Certificate Holder
Last Name Jr./ III First Middle
North Carolina State Board of
Certified Public Accountant Examiners
PO Box 12827
Raleigh NC 27605- 2827
PRSRT STD
US Postage PAID
Greensboro, NC
Permit No. 393
21,000 copies of this document were printed for this agency at a cost of $ 3,130.74 or approximately $. 145 per copy in June 2008.
Notice of Address Change
Signature Date
Mail to: NC State Board of Fax to: 919- 733- 4209
CPA Examiners
PO Box 12827
Raleigh, NC 27605- 2827
State Board of
CPA Examiners
Board Members
Arthur M. Winstead, Jr., CPA
President, Greensboro
Michael C. Jordan, CPA
Vice President, Goldsboro
Jordan C. Harris, Jr.
Secretary- Treasurer, Statesville
Jeffrey T. Barber, CPA
Member, Raleigh
Norwood G. Clark, Jr., CPA
Member, Raleigh
Tyrone Y. Cox, CPA
Member, Durham
Maria M. Lynch, Esq.
Member, Raleigh
Staff
Executive Director
Robert N. Brooks
Deputy Director
J. Michael Barham, CPA
Legal Counsel
Noel L. Allen, Esq.
Administrative Services
Felecia F. Ashe
Vanessia L. Willett
Communications
Lisa R. Hearne, Manager
Examinations
Phyllis W. Elliott
Licensing
Buck Winslow, Manager
Alice G. Steckenrider
Cammie Emery
Professional Standards
Ann J. Hinkle, Manager
Mary Beth Britt
Paulette Martin
Pursuant to 21 NCAC 08J .0107, all certificate holders and CPA firms must notify the Board in writing
within 30 days of any change in address or business location.
Don’t forget... June 30 is the license renewal deadline!

Activity Review
North Carolina State
Board of Certified Public
Accountant Examiners
1101 Oberlin Road, Suite 104 • PO Box 12827 • Raleigh, NC 27605 • 919- 733- 4222 • No. 6- 2008
In This Issue...
Board Meeting Dates ........................ 2
Certificates Issued ............................. 6
CPE Sponsor Register ....................... 4
Disciplinary Action Available
Online ............................................ 3
Disciplinary Actions ......................... 2
Exam Fees Effective August 1 ......... 7
Exam Pass Rates ................................ 7
Inactive Status ................................... 5
New Format for Exam Questions ... 7
Notice of Address Change............... 8
Reclassifications ................................ 4
Staff E- Mail Addresses ..................... 6
www. nccpaboard. gov
Certificate Renewal
Deadline
June 30, 2008, is the deadline for
North Carolina licensees to complete
the annual certificate renewal pro-cess.
Licensees are encouraged to re-new
on- line through the Board’s web
site, www. nccpaboard. gov.
If a licensee does not have
Internet access and needs a renewal
form faxed or mailed, he or she may
request a renewal form from the
Board. Please fax the request to ( 919)
733- 4209, Attn: Vanessia Willett.
Please mail the request to License
Renewal Form, PO Box 12827,
Raleigh, NC 27605.
For additional information on
the annual certificate renewal pro-cess,
please see the April 2008 and
May 2008 issues of the Activity
Review.
The AICPA Peer Review Board has
issued new standards for performing
and reporting on peer reviews to pro-mote
quality in CPA firms’ accounting
and auditing practices.
The new standards are intended to
produce simpler, more readable reports
that will provide greater transparency
to state boards of accountancy, federal
agencies such as the Government Ac-countability
Office, and the private sec-tor.
“ We have re- written the standards
to be more principles- based,” said Su-san
Coffey, AICPA senior vice presi-dent
for member quality and state regu-lation.
“ It results in less of a checklist-based
process that is intended to be
more robust. It focuses the report on
the most important issues,” Coffey said.
A key difference in the new peer
review standards is elimination of let-ters
of comment and the old three- tier
system of unmodified, modified and
adverse grades given to firms by re-viewers.
The new standards require a
simple pass, pass with deficiencies, or
fail grade.
The new reports are designed to be
more user- friendly by making it very
clear whether a firm has satisfactorily
designed a quality control system and
is complying with that system. The re-ports
will make clear whether a firm
AICPA Issues New Peer
Review Standards
has deficiencies in that system, or
whether it has no system at all.
The AICPA is developing addi-tional
guidance for the approximately
30,000 accounting firms nationwide that
will be subject to peer review under the
new standards and for the 2,000 peer
reviewers who will apply the new guid-ance.
The new process is intended to
guide reviewers to include significant
concerns in their actual reports.
The new standards apply to firms
that do audit work for private compa-nies,
government agencies, non- profit
organizations, and employee benefit
plans. The new standards further ap-ply
to firms that do reviews, compila-tions,
and other attest work.
Members’ firms currently enrolled
in the Center for Public Company Au-dit
Firms Peer Review Program are cov-ered
under this measure for their non-public
work. Since the enactment of
Sarbanes- Oxley, the Public Company
Accounting Oversight Board conducts
inspections of the firms’ public com-pany
audit practices.
The revised Standards and Inter-pretations
are effective for peer reviews
commencing on or after Jan. 1, 2009,
and are available on the AICPA Peer
Review Program and CPCAF Peer Re-view
Program Web sites at
w w w . a i c p a . o r g / m e m b e r s /
div/ practmon/ index. htm and
w w w . a i c p a . o r g / c e n t e r p r p /
index. htm, respectively.
2
Disciplinary Actions
2008 Board Meetings
July 21
August 18
September 22
October 20
November 17
December 17
Meetings of the Board are open to
the public except when under State
law some portions may be closed to
the public.
Meetings are held at the Board
office at 1101 Oberlin Road, Raleigh,
and begin at 10: 00 a. m. However,
meeting dates, times, and locations
are subject to change.
Carl Player Patterson, # 31031
Fayetteville, NC 05/ 19/ 2008
THIS CAUSE coming before the Board
at its offices at 1101 Oberlin Road, Ra-leigh,
Wake County, North Carolina,
at public hearing, with a quorum
present, the Board finds, based on the
evidence presented at the hearing on
May 19, 2008, that:
FINDINGS OF FACT
1. The parties have been properly iden-tified.
Daniel Eugene Greene, # 15719
Charlotte, NC 05/ 19/ 2008
THIS CAUSE, coming before the Board
at its offices at 1101 Oberlin Road, Ra-leigh,
Wake County, North Carolina,
with a quorum present. Pursuant to
NCGS 150B- 41, the Board and Respon-dent
stipulate the following Findings:
1. Respondent is the holder of North
Carolina certificate number 15719 as a
Certified Public Accountant.
2. In December of 2006, a Second Su-perseding
Bill of Indictment was filed
with the United States District Court,
Western District of North Carolina,
Charlotte Division, against Respondent
alleging that Respondent along with
others did enter into an agreement to
defraud home mortgage lenders
through mortgage fraud, mail fraud,
bank fraud, and money
laundering. ( Attachment 1.)
3. In September of 2007, Respondent
signed and accepted a Plea Agreement
in which Respondent entered a “ vol-untary
plea of guilty to Counts One ( 1),
Two ( 2), and Twenty- Eight ( 28) as set
forth in the Second Superseding Bill of
Indictment, and admits to being in fact
guilty as charged in those
Counts.” ( Attachment 2.) Said viola-tions
constituted federal felonies, and
dishonesty, deceit, or fraud were es-sential
elements of each crime.
4. Respondent failed to disclose on his
2007- 2008 individual certificate re-newal
or in any correspondence with
the Board that he had been investi-gated
or charged. ( Attachment 3.)
5. Despite at least three ( 3) attempts by
Board staff to contact Respondent by
first- class mail and certified mail sent
to Respondent’s last known mailing
address, and email sent to the email
address provided by Respondent to
the Board, Respondent failed to timely
respond to the Board’s inquiries re-garding
the charges filed against him.
6. Respondent wishes to resolve this
matter by consent and agrees that the
Board staff and counsel may discuss
this Consent Order with the Board
ex parte, whether or not the Board ac-cepts
this Consent Order as written.
Respondent understands and agrees
that this Consent Order is subject to
review and approval by the Board and
is not effective until approved by the
Board at a duly constituted Board Meet-ing.
BASED UPON THE FOREGOING, the
Board makes the following Conclusions
of Law:
1. Respondent is subject to the provi-sions
of Chapter 93 of the North Caro-lina
General Statutes ( NCGS) and
Title 21, Chapter 8 of the North Caro-lina
Administrative Code ( NCAC), in-cluding
the Rules of Professional Eth-ics
and Conduct promulgated and
adopted therein by the Board.
2. Respondent’s actions as set out in
finding # 2 and # 3 above constitute vio-lations
of NCGS 93- 12( 9) a, b, d, and e
and 21 NCAC 8N .0201, .0202, .0203,
.0204, .0212, .0301, and .0303.
3. Respondent’s actions as set out in
finding # 4 above constitute violation
of NCGS 93- 12( 9) e and 21 NCAC
8N .0206.
BASED ON THE FOREGOING and in
lieu of further proceedings under
21 NCAC Chapter 8C, the Board and
Respondent agree to the following Or-der:
1. The Certified Public Accountant cer-tificate
issued to Respondent, Daniel
Eugene Greene, is hereby permanently
revoked.
2. The Board has jurisdiction over the
Respondent and these matters.
3. Respondent received at least fifteen
( 15) days written Notice of Hearing of
these Matters by personal service, cer-tified
mail, or other approved personal
delivery.
4. Venue is proper and the Noticed
Hearing was properly held at
1101 Oberlin Road, Raleigh, North
Carolina.
5. Respondent had no objection to any
Board Member’s participation in the
Hearing of this Matter.
6. Respondent was not present at the
Hearing and was not represented by
counsel.
7. Respondent was the holder of a cer-tificate
as a Certified Public Accoun-tant
in North Carolina and is therefore
subject to the provisions of Chapter 93
of the North Carolina General Statutes
( NCGS) and Title 21, Chapter 8 of the
North Carolina Administrative Code
( NCAC), including the Rules of Profes-sional
Ethics and Conduct promulgated
and adopted therein by the Board.
Count 1
8. In March of 1998, Respondent, hav-ing
pled guilty to two ( 2) felony counts
continued
3
Jesse L. Wooten, Jr., # 13278
Dunn, NC 05/ 19/ 2008
THIS CAUSE, coming before the Board
at its offices at 1101 Oberlin Road, Ra-leigh,
Wake County, North Carolina,
with a quorum present. Pursuant to
NCGS 150B- 41, the Board and Respon-dent
stipulate the following Findings:
1. Respondent is the holder of North
Carolina certificate number 13278 as a
Certified Public Accountant.
2. In 1981, Respondent purchased the
accounting practice of an accountant
who later died before Respondent had
completed making all payments toward
the purchase of the accounting prac-tice.
3. Over the intervening years and de-spite
numerous agreements between
Respondent and the accountant’s
widow, Respondent failed to timely
repay all monies owed toward the pur-chase
of the accounting practice.
4. In 2007, the accountant’s widow filed
a civil suit to collect the funds still owed
to her. Respondent represents that said
litigation has been resolved and all of
the monies owed by Respondent to the
accountant’s widow have been paid.
5. Respondent wishes to resolve this
matter by consent and agrees that the
Board staff and counsel may discuss
this Consent Order with the Board
ex parte, whether or not the Board ac-cepts
this Consent Order as written.
Respondent understands and agrees
that this Consent Order is subject to
review and approval by the Board and
is not effective until approved by the
Board at a duly constituted Board Meet-ing.
BASED UPON THE FOREGOING, the
Board makes the following Conclusions
of Law:
1. Respondent is subject to the provi-sions
of Chapter 93 of the North Caro-lina
General Statutes ( NCGS) and
Title 21, Chapter 8 of the North Caro-lina
Administrative Code ( NCAC),
of mail fraud, was sentenced to thirty-three
( 33) months of imprisonment and
ordered to pay restitution in the amount
of $ 320,791.13.
9. In February of 2004, Respondent com-pleted
an application for a North Caro-lina
reciprocal license based on his
Georgia CPA license.
10. Despite his prior conviction in Geor-gia,
on said North Carolina licensure
application, Respondent failed to affir-matively
respond to the Moral Charac-ter
Data request, “ Have you ever been
charges, arrest, convicted, found guilty
of or pleaded nolo contendere to any
criminal offense?”
11. Subsequent to his licensure, Re-spondent
has failed to provide the
Board with any information regarding
the Georgia conviction.
Count 2
12. In November of 2007, the Board
received a notarized complaint from a
Client who alleged that Respondent
had embezzled approximately
$ 100,000.00 from the Client and had
failed to return client records upon
demand.
13. Based on the seriousness of
Respondent’s prior conduct and the
complaint allegations, as well as evi-dence
of the imminent danger of con-tinued
and irreparable harm to the
public, on December 19, 2007, the Board
issued an Emergency Order For Revo-cation
and Notice temporarily revok-ing
Respondent’s certificate and noti-fying
Respondent of the Board’s Hear-ing.
CONCLUSIONS OF LAW
1. Respondent’s failures to inform the
Board of his Georgia conviction repre-sents
violation of NCGS 93- 12( 9)( c) and
( e), and 21 NCAC 8F .0502 and
8N .0202( a), and ( b)( 3).
2. Respondent’s alleged misappropria-tion
of client funds is a violation of
NCGS 93 12 ( 9) and 21 NCAC 8N .0203.
3. Respondent’s alleged failure to re-turn
client records upon demand is a
violation of NCGS 93- 12( 9) and
21 NCAC 8N .0305.
BASED ON THE FOREGOING, the
Board orders in a vote of 7 to 0 that:
1. The Certified Public Accountant cer-tificate
issued to Respondent,
Carl Player Patterson, is hereby perma-nently
revoked.
including the Rules of Professional Eth-ics
and Conduct promulgated and
adopted therein by the Board.
2. Respondent’s repeated failures, de-spite
numerous agreements, to repay
all monies owed toward the purchase
of the accountant’s practice are viola-tions
of NCGS 93- 12( 9) e and 21 NCAC
8N .0201 and 21 NCAC 8N .0203( b)( 1).
BASED ON THE FOREGOING and in
lieu of further proceedings under
21 NCAC Chapter 8C, the Board and
Respondent agree to the following Or-der:
1. Respondent is censured.
The Board’s web site includes pub-lic
record information regarding dis-ciplinary
action taken against CPAs
and CPA firms. ( See “ Why Is This
Information Available?” below).
If the Board has taken formal
disciplinary action against a CPA or
CPA firm, the resulting Consent Or-der
or Board Order is included in
the record for that individual or firm.
To access the information,
search for a CPA or CPA firm and
look for the “ public documents”
heading on the licensee/ firm search
details page.
If the “ public documents” head-ing
does not appear on the licensee/
firm search details page, then the
Board has not taken any formal dis-ciplinary
action against that indi-vidual
or firm.
Disciplinary Action
Available Online
NCGS 93- 12.2 states, “ Any notice or
statement of charges against a cer-tificate
holder or applicant, or any
notice to a certificate holder or ap-plicant
of a hearing to be held by the
Board is a public record. If any
record, paper, or other document
containing information collected and
compiled by the Board is admitted
into evidence in a hearing held by
the Board, it shall then be a public
record within the meaning of Chap-ter
132 of the General Statutes.”
Why Is This Information
Available?
4
Reinstatements
05/ 19/ 08 Tammy Kay Bridges # 22848
05/ 19/ 08 Deborah R. Fox # 14935
05/ 19/ 08 Melanie C. Gilmore # 20308
05/ 19/ 08 Robert William Knox # 27257
05/ 19/ 08 Kimberly Howell Leonard # 19418
05/ 19/ 08 George Anthony Raftelis # 9513
Reissuance
05/ 19/ 08 Youngsun Cha # 30167
05/ 19/ 08 Scott B. Davis # 27675
05/ 19/ 08 Kristin Keri Lee # 32899
05/ 19/ 08 Martin A. Lee # 29673
05/ 19/ 08 Kimberly Suzanne Mattoon # 22403
05/ 19/ 08 Terray F. Suggs # 10133
05/ 19/ 08 Robert L. Swayze Jr. # 17184
Retired
“ Retired,” when used to refer to the status of a person, describes one possessing
a North Carolina certificate of qualification who verifies to the Board that the
applicant does not receive or intend to receive in the future any earned
compensation for current personal services in any job whatsoever and will not
return to active status. However, retired status does not preclude volunteer
services for which the retired CPA receives no direct or indirect compensation
so long as the retired CPA does not sign any documents, related to such
services, as a CPA [ 21 NCAC 08A .0301( b)( 33)].
05/ 19/ 08 Hugh Garland Becton # 9867 Greenville, NC
05/ 19/ 08 Frank C. Bobbitt # 9868 Apex, NC
05/ 19/ 08 Thomas Clark Cogswell # 18996 Raleigh, NC
05/ 19/ 08 Charles E. Krantz # 14957 Greensboro, NC
05/ 19/ 08 John Wesley Lewis, Sr. # 4141 Greensboro, NC
05/ 19/ 08 Thomas V. Tinsley, Jr. # 21713 Mountain Top, PA
Reclassifications
Although the Board no longer pub-lishes
and mails the CPE Sponsor Reg-ister,
licensees still have access to the
CPE Sponsor Register through the
Board’s web site, www. nccpaboard. gov.
Licensees can search for a CPE
sponsor by clicking on the “ Licensee
Search” link and then clicking on the
“ Search for a CPA Firm or CPE Spon-sor”
link or clicking on the “ List of
Currently Registered CPE Sponsors.”
Sponsors of CPE programs which
are listed in good standing on
Pursuant to 21 NCAC 8N .0305,
Retention of Client Records, a CPA
must return client records in his or
her possession to the client after a
demand for the return of the records
is made.
If the client is a partnership,
records must be returned, upon re-quest,
to any of the general partners.
If the client is a corporation, the
records must be returned, upon de-mand,
to the president. Joint records
must be made available, upon de-mand
by any party.
Upon demand, client records
must be returned immediately un-less
there are reasonable circum-stances
that would delay the return
of the records.
For example, a delay may be
required to retrieve a closed file from
storage or to extract the CPA’s work-ing
papers.
If the records cannot be returned
immediately upon demand, the CPA
must notify the client of the exact
date that the records will be returned.
Under no circumstances should
a CPA refuse to return client records
in order to force payment for ser-vices
provided.
Work papers are generally the
property of the CPA and need not be
surrendered to the client.
However, some work papers
may contain data which should be
reflected in the client’s books and
records, but have not been dupli-cated
nor provided to the client.
Therefore, the client’s records are
incomplete without these records.
In such cases, the work papers
that contain this information are con-sidered
part of the client’s records
and copies should be given to the
client along with any other client
records.
Please consult 21 NCAC
8N .0305 for more complete infor-mation
about the retention and re-turn
of client records.
Retention and Return
of Client Records
CPE Sponsor Register
NASBA’s National Registry of CPE
Sponsors are considered to be regis-tered
CPE sponsors with the Board but
are not included in the Board’s data-base.
Although the Board registers CPE
sponsors, the Board does not approve
individual CPE courses ( except ethics
courses).
A list of Board- approved ethics
CPE courses is available on the Board’s
web site, www. nccpaboard. gov/
ethicscperule.
5
Inactive Status
“ Inactive,” when used to refer to the status of a person, describes one who has
requested inactive status and been approved by the Board and who does not use
the title “ certified public accountant” nor does he or she allow anyone to refer to
him or her as a “ certified public accountant,” and neither he nor she nor anyone
else refers to him or her in any representation as described in 21 NCAC
08A .0308( b) [ 21 NCAC 08A .0301( b)( 21)].
05/ 05/ 08 Alissa Elizabeth Bray # 32613 Charlotte, NC
05/ 05/ 08 Jennifer Williams Coleman # 25964 Wake Forest, NC
05/ 05/ 08 Carole Dyer Hall # 20923 Irmo, SC
05/ 05/ 08 Van Waco Sawyer, Jr. # 9499 Williamston, NC
05/ 05/ 08 Lori Calloway Schamay # 20788 Clemmons, NC
05/ 05/ 08 Victoria P. Whetzel # 32556 Holly Springs, NC
05/ 06/ 08 Fernanda Simone Tiu # 21646 Friendswood, TX
05/ 07/ 08 Steven Allen Clincy # 31895 Charlotte, NC
05/ 08/ 08 Jamin Russell Jenkins # 31589 Charlotte, NC
05/ 09/ 08 Peggy White Everhart # 22043 Fairview, NC
05/ 09/ 08 Daniel George Gibson # 14089 Overland Park, KS
05/ 09/ 08 Carol A. Lucas # 16644 Birmingham, AL
05/ 09/ 08 Robert C. Taylor, Jr. # 21643 Clayton, NC
05/ 12/ 08 Jon Charles DeVries # 12309 Round Rock, TX
05/ 12/ 08 Robin Michelle Reinhard # 30161 Atlanta, GA
05/ 12/ 08 Steven O. Smith # 27214 Charlotte, NC
05/ 14/ 08 Henri Alexandre Leveque, III # 21800 Atlanta, GA
05/ 15/ 08 Adam Jeffrey Basch # 33423 Charlotte, NC
05/ 15/ 08 William Harold Battey # 12030 Bixby, OK
05/ 15/ 08 Karen Connor # 25295 Hudson, NC
05/ 15/ 08 Edward George Malmgren # 13068 Charlotte, NC
05/ 15/ 08 Laura Martin # 26108 Concord, NC
05/ 15/ 08 Michael Kerry McConville # 19603 Pittsburgh, PA
05/ 15/ 08 Benjamin Richard Williams # 14268 Irvine, CA
05/ 19/ 08 Joe Channing Minor # 3422 West Palm Beach, FL
05/ 19/ 08 Hannalie Trautman # 29443 Denver, NC
05/ 20/ 08 Kenneth Wayne Jones # 13837 Winston- Salem, NC
05/ 20/ 08 Andrea D. Lee # 33382 Overland Park, KS
05/ 20/ 08 Brian A. Sutton # 18829 Bluffton, SC
05/ 22/ 08 Jolene Kay Perez # 24254 Woodville, AL
05/ 22/ 08 Herbert Clay Purvis # 26275 Virginia Beach, VA
05/ 22/ 08 Nancy Grant Rhue # 14168 Raleigh, NC
05/ 27/ 08 Mary Beth C. Giovanni # 26425 Las Vegas, NV
05/ 27/ 08 Ericka Faye Kranitz # 31595 Columbia, MO
05/ 28/ 08 Kimberly Bennett Bushnell # 30779 Durham, NC
05/ 28/ 008 Barbara Mills Poole # 13769 Marietta, GA
05/ 28/ 08 Laura L. Seery # 28765 Maryville, TN
05/ 28/ 08 Soundharie Thiagarajah # 30905 Gibsonia, PA
Need a Form or
an Application?
The Board has made most of its forms
and applications available on its web
site, www. nccpaboard. gov.
To access the forms, click on the
“ Forms” link on the left side of the
home page.
Many of the forms and applica-tions
are interactive; the user types
in his or her information and then
prints the form and submits it to the
Board.
If you do not have Internet ac-cess,
you may request a form or an
application by calling the Board of-fice
at ( 919) 733- 4222 .
Address Changed?
21 NCAC 08J .0107 requires all lic-ensees
and firms to notify the Board
in writing within 30 days of any
change in address or business loca-tion.
Licensees and firms can make
address changes online by clicking
on the “ Address Update” link on
the Board’s web site,
www. nccpaboard. gov.
Address changes may also be
submitted by fax, e- mail, or US mail.
Exam candidates must submit
address changes by fax, e- mail, or
US mail.
Please note that all address
changes must be in writing; Board
staff cannot accept oral changes of
address.
Board Office Closed
In accordance with the holiday
schedule adopted by the State of
North Carolina, the Board office will
be closed on the following dates:
Friday, July 4, 2008
Independence Day
Monday, September 1, 2008
Labor Day
6
Certificates Issued
At its May 19, 2008, meeting, the Board approved the following applications for licensure:
Terry Vern Aaseby
Jamie Smith Baker
Matthew T. Banko
Patrick Edward Beaudry
Nathaniel John Branscomb
Elizabeth Marie Williams Bright
Mary Elizabeth Cheshire
Jennifer Elizabeth Colby
William James Costigan, II
Frank David Davies
Christine Eckloff- Vassos
Thomas Fitzgerald Edmunds, IV
Jennifer Elizabeth Evans
Timothy W. Flora
Angela Dawn Gangemi
Erin Moretz Garner
Anna A’dele Gibbs
Daniel Patrick Halpin
Emily Drescher Hansen
Alice Bynum Helms
Megan Elizabeth Hennegan
Michael Stuart Ives, Jr.
Christopher Lee Jandebeur
James Millard Jones
Michael Ray Jordan
Maryana Leon
Michael A. Leon
Joseph Brenton Lewis
Bradley Scott Loman
Yan Ma
Erin Mahoney
Brian Labhart McCoy
Therese Louise McGannon
Melissa Jauncey McGehee
Sean C. McKinney
David Simmons Mickey
Maria Rica Quial Misra
Jacqlyn Diana Muscente
Kristen Elizabeth Nickle
Jin Liu Niedermuller
Jennifer Childers Norris
Lenora Walker Osborne
Cory Allen Parsons
Roy Ryan Piercy
Suzanne McLamb Plunket
Kristin Rebekah Ritter
Katherine Simpson Rogers
Patrick D. Ryan
Rachel Allene Savo
Martina Christa Schneider
Christopher Cannon Scholten
Thomas Patrick Smith
Yingna Su
Ashley Christian Sutton
Edin Terzic
Heather Leigh Wallace
David Henning Wallin
Summer Rose Williamson
Sarah Jayne Wilson
Fang Zuo
E- Mail Addresses for Board Staff
Executive Staff
Robert N. Brooks, Executive Director rbrooks@ nccpaboard. gov
J. Michael Barham, CPA, Deputy Director mbarham@ nccpaboard. gov
Administrative Services
Felecia F. Ashe, Accounting Specialist feleciaa@ nccpaboard. gov
Vanessia L. Willett, Receptionist/ Customer Service Representative vanessiaw@ nccpaboard. gov
Communications
Lisa R. Hearne, Manager lisahearne@ nccpaboard. gov
Examinations
Phyllis W. Elliott, Examinations Specialist phyllise@ nccpaboard. gov
Licensing
Buck Winslow, Manager buckw@ nccpaboard. gov
Alice G. Steckenrider, Licensing Specialist ( individuals) alices@ nccpaboard. gov
Cammie S. Emery, Licensing Assistant ( firms, peer review, CPE) cemery@ nccpaboard. gov
Professional Standards
Ann J. Hinkle, Manager ahhinkle@ nccpaboard. gov
Paulette Martin, Professional Standards Specialist paulettem@ nccpaboard. gov
Mary Beth Britt, Professional Standards Assistant mbbritt@ nccpaboard. gov
7
Focus On: Uniform CPA Examination
A new Uniform CPA Examination re-search
question response format is
scheduled to be introduced in the third
testing window of 2008.
According to the AICPA, the new
format will be a major improvement –
more intuitive, much simpler, and far
more compact.
“ We have simplified the research
question response process by eliminat-ing
the need to have text copied from
authoritative literature to the answer
location,” says Pete Brittingham,
AICPA Examination Team’s Strategic
Architect.
“ Beginning on July 1, candidates
will only be required to identify – not
copy – their responses, in much the
same way that they select answers to
multiple- choice questions. Candidates
will not have to worry about splitting
the screen as everything they need will
appear on a single ‘ tab.’ I really think
the new interface will make them
happy.”
A new tutorial and sample tests
are now posted on the CPA Examina-tion
web site, www. cpa- exam. org, so
that candidates planning to test on or
after July 1 may become thoroughly
familiar with the new functionality.
The current tutorial and sample
tests will remain available on the web
site through June for the benefit of can-didates
testing before the new format
is implemented.
New Research
Question Format
Exam Fees Will Increase August 1, 2008
Effective August 1, 2008, the Uniform CPA Exam fees charged by the AICPA
and Prometric Test Centers will increase. Neither the Board’s administrative
fees nor NASBA’s Exam fees will increase August 1, 2008.
The AICPA’s fee of $ 80 per Exam section will increase to $ 95 per Exam
section. Prometric’s per test hour fee of $ 23.85 per hour will not increase, but
Prometric’s fee of $ 4 per Exam section will increase to $ 5.95 per Exam section.
Applications postmarked on or before July 31, 2008, and received by the
Board on or before August 8, 2008, will be processed using the current fee
schedule. Applications postmarked after July 31, 2008, will be processed using
the new fee schedule. Applications postmarked after July 31, 2008, which do
not include the increased fees will be returned to the applicant.
Revised Exam applications which reflect the new fees will be available in
July from the Board’s web site, www. nccpaboard. gov.
Exam Fees Effective August 1, 2008
Administrative Fees
Initial Applicant $ 230.00
Re- exam Applicant $ 75.00
Exam Section Fees
Auditing & Attestation ( AUDIT) $ 226.28
Financial Accounting & Reporting ( FAR) $ 214.35
Regulation ( REG) $ 190.50
Business Environments & Concepts ( BEC) $ 178.58
Need Exam
Information?
Exam candidates are encouraged to
visit the following web sites to ob-tain
the most current information
on the Uniform CPA Examination:
www. nccpaboard. gov
www. cpa- exam. org
www. nasba. org
Exam Pass Rates
Based on figures provided to the Board by the National Association of State
Boards of Accountancy ( NASBA), it appears that North Carolina candidates
are passing sections of the Uniform CPA Examination at a rate higher than the
national average. The chart below compares the national pass rate to the North
Carolina pass rate for each section of the Exam.
Section/ Year National Pass Rate NC Pass Rate
AUD ( 2004) 45.5% 53.20%
AUD ( 2005) 43.66% 49.89%
AUD ( 2006) 44.18% 48.25%
BEC ( 2004) 47.80% 55.20%
BEC ( 2005) 44.16% 50.27%
BEC ( 2006) 43.81% 48.68%
FAR ( 2004) 45.30% 47.80%
FAR ( 2005) 43.22% 47.54%
FAR ( 2006) 44.63% 46.16%
REG ( 2004) 43.80% 52.20%
REG ( 2005) 40.66% 49.30%
REG ( 2006) 42.41% 48.81%
Certificate No. Send Mail to Home Business
New Home Address
City State Zip
CPA Firm/ Business Name
New Bus. Address
City State Zip
Telephone: Bus. ( ) Home ( )
Bus. Fax ( ) E- mail Address
Certificate Holder
Last Name Jr./ III First Middle
North Carolina State Board of
Certified Public Accountant Examiners
PO Box 12827
Raleigh NC 27605- 2827
PRSRT STD
US Postage PAID
Greensboro, NC
Permit No. 393
21,000 copies of this document were printed for this agency at a cost of $ 3,130.74 or approximately $. 145 per copy in June 2008.
Notice of Address Change
Signature Date
Mail to: NC State Board of Fax to: 919- 733- 4209
CPA Examiners
PO Box 12827
Raleigh, NC 27605- 2827
State Board of
CPA Examiners
Board Members
Arthur M. Winstead, Jr., CPA
President, Greensboro
Michael C. Jordan, CPA
Vice President, Goldsboro
Jordan C. Harris, Jr.
Secretary- Treasurer, Statesville
Jeffrey T. Barber, CPA
Member, Raleigh
Norwood G. Clark, Jr., CPA
Member, Raleigh
Tyrone Y. Cox, CPA
Member, Durham
Maria M. Lynch, Esq.
Member, Raleigh
Staff
Executive Director
Robert N. Brooks
Deputy Director
J. Michael Barham, CPA
Legal Counsel
Noel L. Allen, Esq.
Administrative Services
Felecia F. Ashe
Vanessia L. Willett
Communications
Lisa R. Hearne, Manager
Examinations
Phyllis W. Elliott
Licensing
Buck Winslow, Manager
Alice G. Steckenrider
Cammie Emery
Professional Standards
Ann J. Hinkle, Manager
Mary Beth Britt
Paulette Martin
Pursuant to 21 NCAC 08J .0107, all certificate holders and CPA firms must notify the Board in writing
within 30 days of any change in address or business location.
Don’t forget... June 30 is the license renewal deadline!